– Chinese exports surprise strong, new credit softer, but not weak
– Japan Q3 GDP contracted 0.9%, as expected
– Australian credit growth robust in September
– Focus on EU summit today
What to watch for today
EUR: Euro group. Euro group finance ministers gather in Brussels at 16:00 GMT. While Spain and Greece are likely to be discussed, definitive decisions on disbursing the next tranche of aid for Greece are not expected, and Spain has shown no indication of being prepared to make a pre-emptive request for aid. Absent movement on those key sources of uncertainty, we think the meeting is unlikely to prove market moving.
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